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Northam gets R1bn credit facility

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Northam has entered into a R1bn five-year revolving credit facility agreement with Nedbank.

Metorex gives Jinchuan deal update

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Metorex has given an updated timeline for the conclusion its proposed takeover by China's Jinchuan group.

BHP sees shale gas capex over $4bn in 2012

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BHP Billiton plans to spend over $4bn on developing shale gas in 2012, following two shale gas acquisitions this year, says the head of the group's petroleum business.

De Beers, Zim diamond feud gets nasty

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De Beers says it left its operations in Zimbabwe because the deposits did not meet the company’s expectations, but the group is facing lawsuit threats from that government.

Codelco says an Anglo suit could last years

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Codelco's looming legal battle with Anglo American may take three to four years to be resolved, says Codelco chief Diego Hernandez.

ANC slams Sexwale’s testimony

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The ANC's national disciplinary committee has slammed the testimony provided by Human Settlements Minister Tokyo Sexwale at ANCYL leader Julius Malema's disciplinary hearing.

SA economy needs coal policy: Manuel

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Trevor Manuel, chairman of the National Planning Commission, has urged development of a coal policy to help speed SA's economy, and said the mineral would remain central to the country's growth.

NPC urges caution on power carbon tax

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It will make sense to introduce an economy-wide carbon tax - coupled with some conditional exemptions - says the National Planning Commission.

Glencore to buy Mercuria stake

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Glencore, the Swiss trading house, has entered into an agreement to buy Mercuria Energy Asset Management's 5% stake in Optimum Coal Holdings.

State intervention study complete

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A study that took in state intervention in the mining economies of countries Venezuela, Malaysia, China and Zambia has been handed to the ANC's policy committee, a newspaper reported.